DGAP-News: Solar Millennium AG: HelioTrough collector awarded innovation prize by industry experts
(firmenpresse) - Solar Millennium AG / Miscellaneous
01.07.2010 16:18
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- Majority of 650 CSP-Today conference attendees in San Francisco voted
for HelioTrough in the innovation category
- Test results confirm the expected efficiency enhancement by 10 percent
compared to predecessor design
San Francisco/Erlangen, 01 July 2010 At the end of June the participants of
the 4th Concentrated Solar Power Conference in San Francisco voted for
HelioTrough, the Solar Millennium Group's newest collector generation, for
the award in the 'CPS Innovation' category. The HelioTrough collector,
which was developed by Flagsol GmbH, the joint venture between Solar
Millennium AG and Ferrostaal AG, together with partners reduces costs by
about 20 percent more than its predecessor Skal-ET due to its new design
and special geometry. The cost reduction was achieved among others by an
increase in efficiency level by some 10 percent over previous collector
types. This is due in part to the fact that 99 percent of solar irradiation
can now be reflected onto the absorber pipe (previously 95 percent). Since
the end of 2009 the efficiency of the new collector has been in testing in
an 800 meter long demonstration loop under real conditions in commercial
operation in an American solar power plant.
The award was received by Uwe T. Schmidt, Chairman and Chief Executive
Officer of Solar Trust of America (STA), the US American subsidiary within
the Solar Millennium Group: 'HelioTrough represents the future of parabolic
trough technology and is to be used in all the power plant projects we are
currently planning in California and Nevada. This technology brings the
Solar Millennium Group's declared objective of making solar-thermal power
plants competitive with fossil-fuel peak and medium-load power plants
another step closer.'
Dr. Wolfgang Knothe, Chief Executive Officer of Flagsol GmbH, adds:
'Although we will not receive the final results of the performance tests
before the end of the year, it is already clear today that HelioTrough has
met all our expectations after the last six months of detailed
measurements. In serial production it will be the most efficient parabolic
trough collector on the market and thus support us when it comes to further
expanding our leading position in this technology.'
The early phase of the HelioTrough research and development project was
supported by the Federal German Ministry for the Environment, Nature
Conservation and Nuclear Safety, while the demonstration project in
California is supported by the US Department of Energy.
About Solar Millennium AG:
Solar Millennium AG, Erlangen, is an international company in the renewable
energy sector, with its main focus on solar-thermal power plants. Together
with its subsidiaries and associates, the Company specializes in parabolic
trough power plants and has managed to take a globally leading position in
this field. Solar Millennium strives to further extend its expertise in the
area of solar-thermal power plants with the aim of achieving and securing
sustainable technology leadership. As such, the Company covers all
important business sectors along the value chain for solar-thermal power
plants: from project development and financing to the technology and the
turnkey construction and operation of power plants. In Spain, Solar
Millennium developed Europe's first parabolic trough power plants and
realized these together with partners. Additional projects are planned
around the world with an overall capacity of more than 2,000 megawatts:
here the current regional focus is on Spain, the US, India, China, the
Middle East and North Africa. More information is available at
www.SolarMillennium.com
About Solar Trust of America:
Solar Trust of America, LLC is an integrated industrial solutions company
of solar thermal power plants The Company is a joint venture of the Solar
Millennium Group (70%) and the MAN Ferrostaal Group (30%) and covers the
entire value chain for solar thermal power plants in the region of North
America. This includes the business segments of project development and
financing, engineering, turn-key construction and operation of power
plants. The American project development company Solar Millennium LLC,
headquartered in Berkeley (California), is a wholly-owned subsidiary of
Solar Trust of America.
About Flagsol GmbH:
Flagsol GmbH, headquartered in Cologne, Germany, is technology provider and
general contractor of parabolic trough power plants. The joint venture
between Solar Millennium AG (74,9 percent) and Ferrostaal AG (25,1 percent)
combines the skills of both parent companies in project development and
construction of these solar power plants. Flagsol is continually developing
parabolic troughs with research and development projects aimed at further
consolidating their competitive advantage.
About solar-thermal power plant technology:
Solar-thermal power plants generate electricity by converting solar
radiation into heat energy. In a parabolic trough power plant,
trough-shaped mirrors concentrate the incidental radiation onto a pipe in
the focal line of the collector. Its absorption heats a fluid heat medium
in the pipe, generating steam in the power block through a heat exchanger.
As in conventional power plants, the steam powers a turbine to generate
electricity. By integrating thermal storage, electricity can be supplied on
demand, even after sunset.
About CSP Today:
CSP Today is the reference point for CSP professionals and a cornerstone
for communications within the industry. CSP Today aims to provide the
industry with focused news, events, reports, updates and information for
the Concentrated Solar Thermal Power industry. It has been the 1st
CSP-Award with winners in six categories.
For further information:
Solar Millennium AG
Dipl.-Ing. Sven Moormann (Corporate Communications)
Dr. Stefan Eckhoff (Investor Relations)
Tel.: +49 (0)9131 9409-0
Email: presse(at)SolarMillennium.de / investor(at)SolarMillennium.de
Web: www.SolarMillennium.de
This press release constitutes neither an offer to sell nor the
solicitation of an offer to buy any securities of Solar Millennium AG. The
press release shall not form the basis for investment decisions regarding
securities of the company. Any such investment decision of a prospective
investor shall be based solely on such prospective investor's own
investigations and assessments.
This release contains forward-looking statements. These statements are not
a description of past facts, but rather relate to expectations and opinions
of Solar Millennium AG. These statements are based on current plans,
assessments and forecasts of the company. Investors should not rely on
these statements. Forward-looking statements must be understood in the
context of the circumstances existing at the time when they were made. The
company assumes no obligation to update the forward-looking statements in
this release based on new information or future events. Forward-looking
statements always involve risks and uncertainty. Due to a multitude of
factors, actual events and actual developments may differ significantly
from the forward-looking statements contained herein. This press release
was originally prepared in German. The translation of this release or parts
thereof is considered as a service for journalists, analysts and investors
who are not able to understand German. Only the German version is legally
binding.
01.07.2010 16:18 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 01.07.2010 - 16:18 Uhr
Sprache: Deutsch
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